Brexit Contingency Planning
Taking account of the considerable uncertainty on the impact of such a scenario we are evaluating all the possible implications and planning the implementation of suitable contingencies required to minimise the potential impact to our business and service.
We believe the greatest risks are:
a) extended time lines for importing goods into the UK resulting from import clearance procedures and increased demands on the ports of entry into the UK.
b) increased costs within the supply chain, relating to import handling and import duties,
Whilst we can take no action to influence any additional costs of importation, we are implementing contingencies to mitigate potential challenges and minimise supply chain disruption during this transitional period. These will include increasing stock levels in the run up to 31st October 2019, and engaging with both our customers and our manufacturing colleagues to work together on maintaining our service.